Gold Prices Retreat Strongly on Dollar’s Rise By Investing.com

© Reuters. Gold futures fell during the US session

Investing.com – fell during the US session on Monday.

According to Comex prices of the New York Mercantile Exchange, it was trading in February at 1,779.05 an ounce at the time of writing, gold is down by 1.69%.

It was previously trading on a lower session at USD1,778.25 an ounce. It may find support at $1758.20 an ounce and resistance at $1822.90 an ounce.

Dollar Index Contracts, which measures the performance of the US currency against a basket of six other major currencies, rose 0.78% to trade at 105.31.

Meanwhile on Comex, the price for the month of March fell by 3.82% to trade at $22.36 a troy ounce while the price for the month of March fell by 1.94% to trade at $3.78 a pound.

Gold Analysis:

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